OPINION: How can you carry your car insurance while relocating

​It is very important for you to update the new address with your insurance company. It will act as a medium for communication. Don’t forget to add contact number and e-mail address along with the same.ETAuto | October 15, 2018, 17:11 IST

No matter in which part of the country you live, at some stages of life you might have to relocateOnce you decided for relocation, it is important to consider our present requirements. to another city or state. The reason for relocating can be a new job, promotion, etc. With this excitement, you might be confused that how will you manage things such as packing, enquiring about the new place, etc.

And in such confusion, people mostly forget about car insurancepolicy. Shit, what will you do in such cases? Moving to a new city is seriously a stressful thing. In such a scenario, you have to manage each and everything from starting till the end. In the middle of such challenges and issues, you forget about third party car insurance.

In this article, you will get to know about different tips that will help you with relocation.

Intimate Your New Accommodation It is very important for you to update the new address with your insurance company. It will act as a medium for communication. Don’t forget to add contact number and e-mail address along with the same.

This information will help the insurer to communicate with you regarding car insurance and new home address. The reason could be anything including car premium, renewal, coverage, NCB, claim settlement and so on.

Re-registration is NecessaryOnce you planned to move new city, be it permanently or for a couple of months, re-register your vehicle with a local insurance company to avail the local registration no. It is advisable to inform about the same to the existing insurance company, so he/she can update your policy records.

It will help you in avoiding any issue when it comes to file a car insurance claim for relocation. For this process, you need a No Objection Certificate from the Road Transport Authority where you used to live before moving.

Check for Network GaragesWhen it comes to purchasing a car insurance policy, the insurance company assures that customers and services can be availed within the country. However, the insurance company can easily avail cashless service only at the network garages. Thus, it is important to check that the new place where you are moving has network garages or not.

In case you need to get something in your car fixed or repair some parts through a network garage, they may not be available at your new location. Hence, you have to pay from your own pocket and then have filed the claim. Sometimes though, the option of garages in some cities is limited.

Influence on Your Premiums and Car CoverWell, there is no surety that your premium will change on relocation. It completely varies from insurer to insurer. It also depends on the risk cover. The premium also depends upon the zonal risk. The insurance company can ask for the high premium on relocation to a naturally catastrophic zone like flood-prone or earthquake area.

But, don't forget that your insurance company wouldn’t provide assistance for towing the car to a roadside workshop or any help.

Upgrading CoverIt is true that your requirements change according to the place. A few things that work well in an area may not work out as well, for another. Hence, once you decided for relocation, it is important to consider our present requirements.

You must go for a comprehensive insurance with your existing third party insurance plan to get the complete coverage on road. This would protect your car from theft, vandalism, man-made or natural disasters, terrorism, damage due to terrorist activities, riot or strike etc.

Most Importantly- Your NCB BonusIt is a very important aspect when it comes to the general insurance industry. Once you relocated, you must be curious about your no claim bonus that you have earned. If you thongs that you lost it because of relocation, then don't worry it is not like that. An NCB that you're earned for every claimless year will follow you wherever you go. You NCB benefits will also get a transfer along with your existing plan. You can consider these pointers at the time of relocation.

The Bottom Line!By doing a little research, you can easily handle the stress of relocation easily. There must be some things of higher priority, but don’t forget that your car insurance which will be your savior, in case any unforeseen possibility knocks on your door!

(Naval Goel is CEO & Founder of PolicyX.com; the opinion expressed here is his own.)

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